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Executive Director, Partnership for Economic Policy; Professor of Economics University of Nairobi
It was indeed an insightful session. We cannot build resilience in Africa without taking into account the disproportionate impacts of shocks on women in general, marginalized women in particular, and other vulnerable groups. Typical policy responses around controlling inflation, price subsidies and traditional forms of inward foreign direct investment that typically favour male employment, have not been sufficient. This is due in part to the longstanding structural gender inequalities that continue to persist. To improve women’s plight, it is important that the full potential of policies ranging from social protection, financial inclusion, access to credit and board macroeconomic policy are re-considered. Many thanks to African Development Bank Group, UNDP and United Nations Economic Commission for Africa for a great #2024AEC conference. Thanks to the team of researchers from African Economic Research Consortium (AERC), ODI Global and PEP - Partnership for Economic Policy for the excellent work on the impact of the Russia–Ukraine war on Africa. Thanks too to International Development Research Centre (IDRC) and Global Affairs Canada | Affaires mondiales Canada for funding this work. #2024AEC #AfricanEconomicConference #ResilienceBuilding
We had an insightful session at the 2024 African Economic Conference exploring the theme, "Navigating uncertainty: strategies for building resilience in Africa". Thank you to everyone who joined us in Gaborone and online. A recording of the event will be made available on our website soon. A special thanks to our incredible speakers who shared their expertise and perspectives on building a more #ResilientAfrica: ➖ Hon. Dr. Monica Musenero Masanza delivered a powerful keynote address on the transformative potential of innovation, technology and the knowledge economy in building resilience against shocks. She explored how innovation can strengthen critical sectors and foster an environment that truly encourages transformative change. ➖ Colin Bermingham, Senior Economist at European Investment Bank (EIB), presented key findings from EIB's latest "Finance in Africa" report, providing valuable insights into the evolving financial landscape in #Africa. He discussed addressing the financing gap, harnessing fintech and promoting green finance to drive sustainable development and resilience. ➖ Dr. Pagnamam George YEKPA, PhD., Economist at ECOWAS Bank for Investment and Development (EBID) presented key findings from the "West African Development Outlook", focusing on strategies for building resilience to recurring shocks. He emphasised the importance of regional cooperation and the role of development finance institutions in supporting resilience-building initiatives. ➖ Prof. Jane Mariara, Executive Director at PEP - Partnership for Economic Policy, brought crucial attention to the disproportionate impact of global events such as the #RussiaUkraineWar on women and vulnerable populations in Africa. She stressed the need for tailored policy responses and strengthened social safety nets to protect the most vulnerable. ➡️ 📖 The report, "Impact of the Russia–Ukraine war on Africa: policy implications for navigating shocks and building resilience", explores the multifaceted effects of the conflict on African economies and livelihoods featuring eight case studies. It was compiled by researchers from ODI Global, African Economic Research Consortium (AERC), Economic Research Forum and PEP - Partnership for Economic Policy (with support from the International Development Research Centre (IDRC). Read more: https://lnkd.in/eDBJNMSV #2024AEC #AfricanEconomicConference #ResilienceBuilding #EconomicDevelopment #DevelopmentFinance
Chairperson and Honorary Professor at Centre for Economics, Environment and Society (CEES), Bangalore, India
2dThanks for sharing